Are Wall Street Analysts Bullish on PACCAR Stock?

Washington-based PACCAR Inc (PCAR) designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks. Valued at a market cap of $56.1 billion, the company also designs and manufactures diesel engines and other powertrain components for use in its own products and for sale to third-party manufacturers of trucks and buses.

This commercial truck manufacturer’s shares have massively lagged behind the broader market over the past 52 weeks. PACCAR has gained 3.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.8%. The stock is up 3.5% on a YTD basis, almost mirroring the SPX’s 3.4% rise during the same time frame.